Share on Stocktwits Caldwell Trust Co bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 2,024 shares of the electric vehicle producer’s stock, valued at approximately $643,000. Get Tesla alerts: Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Chapman Financial Group LLC bought a new position in Tesla in the second quarter worth about $26,000. LGT Financial Advisors LLC bought a new stake in shares of Tesla in the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 2nd quarter worth approximately $30,000. ESL Trust Services LLC boosted its position in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC bought a new position in Tesla during the 2nd quarter worth $32,000. 66.20% of the stock is owned by institutional investors and hedge funds. Insider Activity at Tesla In related news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In Several equities analysts have recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Roth Capital set a $505.00 price target on Tesla and gave the company a “buy” rating in a report on Thursday, October 23rd. Evercore ISI raised their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. DZ Bank reiterated a “sell” rating on shares of Tesla in a research report on Thursday, October 23rd. Finally, Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $399.33. Get Our Latest Analysis on Tesla Tesla Trading Up 3.6% Shares of TSLA stock opened at $475.31 on Tuesday. The stock has a 50-day simple moving average of $435.96 and a 200 day simple moving average of $377.25. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 316.87, a P/E/G ratio of 15.50 and a beta of 1.87. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the company earned $0.72 EPS. Tesla’s revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. About Tesla